MidWestOne Bank (merged into Nicolet National Bank)
MidWestOne Bank reported total assets of $6.3 bn at Q4 2025, its last Call Report before it merged into Nicolet National Bank. The CET1 capital ratio at MidWestOne Bank was 12.88%, and the uninsured share of MidWestOne Bank was 37.65%. Source: FDIC Call Reports.
Key takeaways
- Since , MidWestOne Bank has taken over 6 institutions; the latest was The Bank of Denver on (FDIC Call Reports).
What sets MidWestOne Bank apart
How large is MidWestOne Bank?
The balance sheet of MidWestOne Bank at : assets $6.3 bn, deposits $5.5 bn, net loans $4.5 bn (loans equal to 81.87% of deposits). Securities make up 18.0% of total assets at MidWestOne Bank. Since , when MidWestOne Bank held $1.7 bn, its assets grew 260.4%. In the year to , deposits at MidWestOne Bank fell 0.1% while its total assets rose 0.4%. At , MidWestOne Bank employed 752 full-time equivalent staff across 59 offices, about $8.3 mn of assets per employee and $92.9 mn of deposits per office.
How much funding at MidWestOne Bank is uninsured?
At MidWestOne Bank, uninsured deposits (above the FDIC limit) made up 37.65% of domestic deposits at (+0.38 pp on a year earlier). In dollars, MidWestOne Bank estimated $2.1 bn of uninsured deposits.
Key facts, Q4 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.5 bn | $5.5 bn (Q4 2024) | |
| Net loans and leases | $4.5 bn | $4.3 bn (Q4 2024) | |
| Loan-to-deposit ratio | 81.87% | 77.72% (Q4 2024) | |
| Tier 1 leverage ratio | 10.50% | 10.12% (Q4 2024) | |
| Total risk-based capital ratio | 14.02% | 14.02% (Q4 2024) | |
| Net interest margin | 3.63% | 2.77% (Q4 2024) | |
| Return on assets (ROA) | 1.12% | -0.78% (Q4 2024) | |
| Efficiency ratio | 56.69% | 62.51% (Q4 2024) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $59.3 mn | Narrowed by $39.3 mn | |
| Noncurrent loans to total loans | 0.70% | 0.51% (Q4 2024) | |
| Net charge-offs to average loans | 0.43% | 0.07% (Q4 2024) |
US rank of MidWestOne Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
MidWestOne Bank: assets, deposits and loans
- Total assets $6.3bn
- Deposits $5.5bn
- Net loans $4.5bn
Capital and securities
The CET1 ratio of MidWestOne Bank stood at 12.88% in , +0.02 pp year on year. Low and high at MidWestOne Bank since : 10.15% () to 13.02% (). Equity capital of MidWestOne Bank at : $702.8 mn, or 11.2% of total assets. MidWestOne Bank also reported a total capital ratio of 14.02% for , and a tier 1 leverage ratio of 10.50%.
The available-for-sale portfolio of MidWestOne Bank showed an unrealized loss of $59.3 mn at ; the loss narrowed by $39.3 mn over the year.
MidWestOne Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 10%
MidWestOne Bank: unrealized securities gains and losses
- Available for sale -$59mn
- Held to maturity $0
Profitability and loan quality
For the year to , MidWestOne Bank earned a return on equity of 10.22%; return on assets: 1.12%. Net interest margin at MidWestOne Bank: 3.63%, +0.86 pp in a year. MidWestOne Bank net income: $69.6 mn, down 238.0% year on year. The efficiency ratio of MidWestOne Bank was 56.69%: about 57 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 0.70% of total loans at MidWestOne Bank; net charge-offs: 0.43% of average loans. Gross loans and leases at MidWestOne Bank: $4.5 bn at , against $4.3 bn at .
MidWestOne Bank: profitability
- Return on equity 10%
- Net interest margin 3.6%
- Return on assets 1.1%
Peer group of MidWestOne Bank
The peer group of MidWestOne Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of MidWestOne Bank (state nonmember bank) and 0 have head offices in Iowa. Against them, MidWestOne Bank shows CET1 ratio 12.88% against a peer median of 12.04%, return on equity 10.22% against a peer median of 7.79% and uninsured deposit share 37.65% against a peer median of 30.86%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| TBK BANK, SSB | State-chartered stock savings bank | TX | $6.4 bn | 11.77% | 3.31% | 29.56% | |
| Equity Bank | State member bank | KS | $6.3 bn | 13.63% | 4.89% | 32.17% | |
| United Fidelity Bank, fsb | Federal savings bank | IN | $6.3 bn | 10.94% | -0.92% | 16.24% | |
| MidWestOne Bank | State nonmember bank | IA | $6.3 bn | 12.88% | 10.22% | 37.65% | |
| Shore United Bank | National bank | MD | $6.3 bn | 11.75% | 10.69% | 16.87% | |
| Mercantile Bank | State nonmember bank | MI | $6.2 bn | 12.77% | 13.86% | 54.57% | |
| Five Star Bank | State member bank | NY | $6.2 bn | 12.32% | 12.58% | 42.72% | |
. FDIC Call Reports.
Last eight quarters
Two years at MidWestOne Bank, to : assets $6.7 bn to $6.3 bn, deposits $5.6 bn to $5.5 bn, equity $649.2 mn to $702.8 mn. Staff 775 to 752; offices 61 to 59.
| Metric | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.7 bn | $6.6 bn | $6.5 bn | $6.2 bn | $6.2 bn | $6.2 bn | $6.2 bn | $6.3 bn |
| Total deposits | $5.6 bn | $5.4 bn | $5.4 bn | $5.5 bn | $5.5 bn | $5.4 bn | $5.5 bn | $5.5 bn |
| Bank equity capital | $649.2 mn | $648.3 mn | $664.1 mn | $660.5 mn | $676.1 mn | $680.4 mn | $686.2 mn | $702.8 mn |
| CET1 ratio | 11.20% | 11.55% | 11.83% | 12.86% | 13.02% | 12.95% | 12.78% | 12.88% |
| Return on equity (ROE) | 3.91% | 7.69% | -14.21% | -7.78% | 10.45% | 8.82% | 9.73% | 10.22% |
| Uninsured share of domestic deposits | 36.58% | 36.97% | 36.59% | 37.27% | 37.26% | 36.63% | 37.97% | 37.65% |
| Full-time equivalent employees | 775 | 762 | 750 | 757 | 758 | 761 | 761 | 752 |
| Number of offices | 61 | 59 | 59 | 59 | 58 | 59 | 59 | 59 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of MidWestOne Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Central Bank (FDIC certificate 27234).
- . Absorbed American Trust & Savings Bank (FDIC certificate 13150).
- . Absorbed American Bank & Trust Wisconsin (FDIC certificate 6183).
- . Absorbed First National Bank of Muscatine (FDIC certificate 961).
- . Absorbed First National Bank in Fairfield (FDIC certificate 13853).
- . Absorbed The Bank of Denver (FDIC certificate 17244).
- . Merged into Nicolet National Bank (FDIC certificate 57038).
Large one-quarter moves at MidWestOne Bank
- Total assets at MidWestOne Bank changed by +72.6% in the quarter to 2016-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Central Bank.
- Total assets at MidWestOne Bank changed by +41.0% in the quarter to 2019-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from American Bank & Trust Wisconsin, American Trust & Savings Bank.
Questions and identifiers
What were the total assets of MidWestOne Bank?
MidWestOne Bank reported $6.3 bn at in its Call Report.
Is MidWestOne Bank the same as its holding company?
No. This page covers MidWestOne Bank, FDIC certificate 14843; MIDWESTONE FINANCIAL GROUP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is MidWestOne Bank profitable?
MidWestOne Bank reported net income of $69.6 mn for the year to ; annualized return on equity: 10.22%. So yes: MidWestOne Bank made a profit over these months.
When is data for MidWestOne Bank next updated?
MidWestOne Bank no longer files Call Reports; its data ends at .
Where can I check the figures for MidWestOne Bank?
In the FDIC BankFind Suite record for certificate 14843, and in the Call Reports of MidWestOne Bank (RSSD ID 836843) at the FFIEC Central Data Repository.